MWA Price Prediction Next Week
Technical Analysis: MWA shows a mixed technical picture with RSI-14 at 54.74 indicating neutral momentum. The stock is trading above all major moving averages (SMA 5,10,20,60,200,250) suggesting an overall uptrend. However, the MACD line (0.41) shows weakening momentum with negative histogram (-0.21).
Price Targets Based on Fibonacci Levels:
- Resistance levels: R1: $26.87, R2: $27.47, R3: $28.45
- Support levels: S1: $24.91, S2: $24.31, S3: $23.33
- Pivot point: $25.89
News Sentiment:
- Recent insider selling activity with director Shirley C. Franklin selling 8,825 shares
- Mixed institutional sentiment with 162 institutions increasing positions while 186 reducing
- Positive analyst coverage with Zacks ranking MWA as Strong Buy, citing 3.4% increase in consensus earnings estimates
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Likely trading range: $24.91 - $26.87
- Target price: $26.50
Trading Recommendation: BUY Rationale:
- Strong institutional backing
- Positive analyst ratings
- Trading above all major moving averages
- Fibonacci support at $24.91 provides downside protection
Entry Strategy:
- Enter positions at current levels ($25.76)
- Set stop loss at $24.80 (below S1 support)
- Take profit at $26.50 (near R1 resistance)
MWA Similar Chart Price Prediction
The price of MWA is predicted to go up 13.01%, based on the high correlation periods with WPRT. The similarity of these two price pattern on the periods is 98.37%.
MWA
WPRT
Up: 13.01%Similarity: 98.37%
MWA Revenue Forecast
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MWA Analyst's Forecast
Bryan Blair
Oppenheimer
Buy
2024-11-08
Price Target
$26 → $27
Upside
+5.14%
Oppenheimer analyst Bryan Blair raised the firm's price target on Mueller Water to $27 from $26 and keeps an Outperform rating on the shares following a Q4 earnings report that included EBITDA of $73M, which was "solidly ahead" of the firm's and consensus estimates. Oppenheimer sees the company's Q2-Q4 performance as clear evidence of Mueller's reset operating trajectory, and remains "confident in forward outgrowth opportunities."
